1 / 812-Unit Multifamily in La Marque, TX
Renovated 12-Unit Multifamily in La Marque, TX - 8 Units Leased
TX · listed Oct 19, 2026 (10 days)
Exclusively listed by Elite Exit Advisors. Offering memorandum available.
- $/unit
- $79,167
- ▼ 21% vs TX · 30th pct
- Cap rate
- —
- Gross yield
- 8.1%
- Units
- 12
Key facts from the offering memorandum
- Asking Price
- $950,000
- Price per Unit
- $79,167
- Units
- 12, all 1BR/1BA, renovated
- Occupancy
- 8 of 12 units occupied (4 open for lease-up)
- Current Rent
- $800 per unit per month; $6,400 per month ($76,800 annualized) from the 8 occupied units
- Rent at Full Occupancy
- $115,200 per year in base rent at the current $800 rent
- Utilities and Services
- Water, trash, and pest control billed separately from rent
- Amenities
- Central AC and heat, laundry available, parking
From the broker's offering memorandum. The full memorandum (financials, rent roll) is available on request.
Financials
- Asking price
- $950,000
- Price per unit
- $79,167
- Price per sq ft
- Not stated
- Gross rent / year
- $76,800
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- 8.1%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- All 12 units are one-bedroom, one-bath apartments
- Buildings
- Not stated
- Year built
- Not stated
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 19, 2026
- Days on market
- 10 days
- On MultifamilyRadar
- Oct 29, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2257
About this property
This is a renovated 12-unit multifamily property in La Marque, Texas. All 12 units are one-bedroom, one-bath apartments with central air conditioning and heat. Laundry is available and the property has parking.
Eight of the 12 units are currently occupied at $800 per unit per month, which is $6,400 per month or $76,800 a year in base rent. Water, trash, and pest control are billed separately from rent, adding other income on top of base rent. The four vacant units give a buyer room to add income through lease-up: at the current $800 rent, a fully occupied building would produce $115,200 a year in base rent.
The asking price of $950,000 works out to about $79,167 per unit.
La Marque is in northwestern Galveston County, about 12 miles northwest of the city of Galveston and adjacent to Texas City. Interstate 45 and State Highway 3 serve the city. Many residents have historically worked at nearby Texas City chemical plants and refineries and at the Galveston Island Medical Center.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 La Marque, TXValue-add | $900K | $75K$75K | 7% |
 Houston, TXRenovated 22-Unit Houston Multifamily with Lease-Up UpsideExclusiveHigh yieldValue-add | $2M | $91K$91K | 7.3% |
 La Marque, TX | $649K | $81K$81K | — |
 La Marque, TXStabilized | $649K | $81K$81K | — |
 Texas City, TXValue-add | $550K | $69K$69K | — |
| La Marque, TX High yieldValue-add | $615K | $68K$68K | 10.1% |